Archive for the ‘Metro Atlanta’ Category

Congrats, Scott and Nora! Your Brookhaven Home Sold in 4 Days for 101% of List Price!

Sunday, March 30th, 2014

2765 Tallulah Drive Atlanta

 

Congratulations, Scott and Nora! What a pleasure it was working with you guys to get your Brookhaven home sold! What a beautiful home! Andy and Lesley especially enjoyed selling your home as it was a finalist in their search 7 years ago as they purchased! Ironic and FUN! It’s no surprise that your GORGEOUS home didn’t last long… The location to Town Brookhaven coupled with the fantastic curb appeal and beautiful interior made it a WINNER! Thank you for trusting us as your Brookhaven real estate agents of choice! We wish you the best in your new home!

Just Sold :: Brookhaven Fields New Construction :: 6 days for 102% of list price!

Tuesday, March 25th, 2014

2342 coosawattee

Just Sold! This GORGEOUS new construction in Brookhaven Fields SOLD in 6 days for 102% of list price! We all knew once it got close to completion it wouldn’t last! The Peters Company had the great pleasure of helping Haven REI purchase 2 lots over a year ago! Those 2 lots were subdivided into 4 and Viola! – - – 4 gorgeous new additions to the Brookhaven Field’s neighborhood. Not only did these buyers get all the bells and whistles of new construction, they also get a fantastic location within walking distance to all of our favorite restaurants and shops at Village Place Brookhaven. Congrats to the new buyers and to HAVEN REI for an awesome new construction!

Congrats, Phil and Caroline! Your Drew Valley home SOLD in 8 days over list price!

Tuesday, March 25th, 2014

2327 ewing

Congrats, Phil and Caroline! Your Drew Valley home at 2327 Ewing Drive SOLD in 8 days on the market OVER list price with multiple offers! That’s exciting and such a fun experience when you are the seller! Thank you so much for choosing The Peters Company as your Brookhaven agents of choice! We feel so fortunate to be the #1 agent of choice for Drew Valley neighbors year after after. And, it’s people like you that help us continue to hold that #1 spot! We wish you the best in your new home! Congrats again!

Congratulations, Love on selling your adorable Grant Park home!

Tuesday, March 25th, 2014

689 Home AvenueWe first met Love back in the beginning of 2013! An agent friend of hers was talking about selling her home but decided that it just wasn’t in his location of expertise. So, we felt incredibly humbled that he would recommend us, The Peters Company, to help Love get her home sold! When Andy and Love first met, they decided that it might be a better option to hold on and rent the home out for a year hoping for prices to rise! And, that they did! When they came back to look at the Grant Park comparable sales a year later, they were MUCH improved and Love was ready to pull the trigger and get her adorable Atlanta bungalow sold! 689 Home Avenue sold within a month on the market for 95% of list price! Congrats to Love! And, special thanks to Lee for trusting us to help get Love’s home SOLD!

Congratulations, Mitch and Colleen on your beautiful new construction Cumming home!

Tuesday, March 4th, 2014

Congrats Mitch and Colleen

Colleen and Lesley go way back… back to Lesley’s teaching career in fact. Lesley helped Colleen purchase her first home, a condo in The Summit, Sandy Springs.  This, of course, was before Colleen was married or had a beautiful little girl! With life changing, Colleen decided that it was time for a family home! So, Colleen entrusted Jennie Moshure, The Peters Company’s Lead Buyers Agent, to help them find a gorgeous new construction home in Cumming! We know that you guys are going to LOVE your new space! Jennie and Lesley are already looking forward to a visit once you guys get settled! Thank you, Colleen, for trusting our entire team! Lesley gets a little sad sometimes that she no longer gets the fun job of working with clients but she’s always happy to find Jennie a new client and friend. And, I’d say – she made a great connection!

Congratulations, Michael and Ruth on your new home in Cumming’s Quail Hollow neighborhood!

Tuesday, March 4th, 2014

Congrats Ruth and Michael

 Wow! We sure have been lucky! It all started with your sweet mom, Cindy, who Andy met in his old water boy days! When Andy made the transition to join Lesley in real estate, Cindy decided that Andy could sell more than water and asked us to sell her home! Through that, we’ve had the pleasure working with your brother and sister-in-law and you guys! We’ve LOVED every minute! We’re so excited about your GORGEOUS new Cumming home! With three finished levels of living space, there is going to be plenty of room – almost a floor for each of you! :) We know the girls are as excited about their new home as you guys! Can’t wait to see pictures once you guys get settled! Big thanks for keeping The Peters Company in your family!

FHA vs. Conventional Loans :: What Buyers Need to Know

Thursday, January 30th, 2014
Special thanks to Kim Nehiley and Scott Meldrum of Supreme Lending for sharing with us the key differences between FHA and Conventional loans. This is especially important to understand if you are buying! We find many of our clients don’t realize that the FHA loan exists and could be a perfect match for them!
FHA
  • 96.5% loan to value
  • Up front mortgage insurance of 1.75%
  • Lifetime monthly mortgage insurance of 1.35%
  • Allows for Gift funds with no minimum borrower investment
  • Allows for 6% seller paid closing costs
  • Requires condominium projects to be on an “approved list”
  • Allows for down to 600 credit score with Supreme Lending!
  • More flexible with debt to income ratios – Supreme Lending will go up to 55% with no problems
  • Allows for 3 yrs after a foreclosure or short sale – Also note Supreme Lending has the “Back to Work” FHA loan that allows for possible loans after ONLY 12 months
  • Allows for only 2 yrs after a Chapter 7 Bankruptcy
  • Allows for a borrower to be in a Chapter 13 Bankruptcy and apply for a loan
  • Fixed rate loans and limited ARM products are available
  • Product is owner occupied ONLY
CONVENTIONAL
  • 95% loan to value
  • No up front mortgage insurance
  • Monthly mortgage insurance is determined by credit score, debt ratio and property type but is typically much LOWER than FHA
  • Monthly mortgage insurance drops off at 78% loan to value and can be requested to be removed at 80%
  • Gift funds are allowed if the borrower has their own 5% – SUPREME LENDING will allow gift funds with no minimum borrower investment
  • No required condo “Approved List”
  • Minimum 620 credit score
  • Debt to income ratios are tighter – typically only 45%
  • No Mortgage insurance options are available
  • Seller paid amounts are limited to 3% at 90.01% –  95% loan to value, 6% from 75.01 – 90% loan to value and at 75% and below it is 9% seller paids – investment property is limited to 2%
  • Fixed rate and several ARM programs are available (3,5,7,10 year ARM)
  • Foreclosures have a 7 yr waiting time period
  • Short sales require 2 yr since completion at 80%, 4 yrs at 90% and 7 yrs to 95%
  • Product allows for primary residences, second home and investment properties at varying loan to values and credit scores
  • Chapter 7 bankruptcy is 4 yrs from discharge
  • Chapter 13 bankruptcy is 2 yrs from discharge

If you have an questions regarding an FHA or Conventional loan and what would be the best option for you, don’t hesitate to give Scott Meldrum or Kim Nehiley a call at 404-667-3920.

And, if you’re looking for an Atlanta real estate agent to help you buy an Atlanta home, look no further! The Peters Company is here for all of your Metro Atlanta home buying and selling needs! Call us today at 404-419-3619.

Congrats, Nate & Evi on your Brookhaven bungalow!

Thursday, January 23rd, 2014

photo-2Congrats, Nate and Evi on the purchase of your Brookhaven home! Nate and Evi were looking to purchase a home to renovate, so that they could be in the highly desirable area of Brookhaven. They loved the idea of walkability in the area and the great neighborhood feel. They can certainly attest that buying in a hot market isn’t easy, but they are poster children for the phrase, “Everything happens for a reason!” Nate and Evi, We are SO happy that you found such a gem (bomb shelter and all) to call home. Please invite us over to see you amazing renovations soon!

Did you buy a Metro Atlanta home in 2013? Don’t forget to file for Homestead Exemption!

Wednesday, January 22nd, 2014

Do you like saving money? How about lots of money? If so, you must APPLY for your Homestead Exemption!

What is Homestead Exemption? Homestead Exemption is available to legal residents of Georgia for their primary homes. You are able to claim a partial exemption, which can amount to substantial property tax savings. Senior citizens may have additional exemptions available. Check with your county tax office. You are entitled to the Homestead Exemption if you owned and occupied your home on or before December 31, 2013. The Homestead Exemption filing deadlines vary by county.  However, most Metro Atlanta counties deadlines are now April 1, 2014.

Homeowners may need to provide their Warranty Deed book and page, proof of residence, social security numbers, driver’s license and car tag info.  If the property is located within city limits, the homeowner may be required to file with the city as well. See list below for more information on Metro Atlanta counties:

Gwinnett County – deadline is April 1, 2014  770-822-8800

http://gwinnetttaxcommissioner.manatron.com/Tabs/Property/HomesteadExemption.aspx

 Fulton County – deadline is April 1, 2014  404-612-6440

http://www.qpublic.net/ga/fulton/basic_homestead.html

 DeKalb County – deadline is April 1, 2014  404-298-4000

http://web.co.dekalb.ga.us/TaxCommissioner/homesteadGen.html

 Cobb County – deadline is April 1, 2014   770-528-8600

http://www.cobbtax.org/property/exemptioninformation

 Clayton County – deadline is April 1, 2014  770-477-3311

http://www.claytoncountyga.gov/departments/tax-assessor/residential-property.aspx

 Cherokee County – deadline is April 1, 2014  678-493-6120

http://www.cherokeega.com/departments/department.cfm?displaySection=Homestead%20Exemptions.txt&departmentid=30

 Henry County – deadline is April 1, 2014  770-288-8180                 

http://www.co.henry.ga.us/taxcommissioner/PropertyTaxExemptions.shtml

 Forsyth County – deadline is April 1, 2014  770-781-2106

 http://www.qpublic.net/ga/forsyth/homestead.html

 Douglas County – deadline is April 1, 2014  770-920-7272

http://www.douglastaxcommissioner.com/ 

Fayette County – deadline is April 1, 2014   770-461-3652

http://www.fayettecountytaxcomm.com/subpages/Homestead.asp

 Paulding County – deadline is April 1, 2014   770-443-7606

http://www.paulding.gov/index.aspx?NID=210

* Special thanks to Leigh Clack of Neel and Robinson Attorneys for providing this information.

If The Peters Company can be of further assistance, don’t hesitate to let us know!  We are ALWAYS a phone call or email away and would love to help in any way.  It’s our pleasure to always provide the most relevant and helpful information when it comes to Metro Atlanta real estate!  404-419-3619

Adorable Inman Park Home SOLD :: Congrats, Shauna and Jason!

Wednesday, January 22nd, 2014

295 Alaska Avenue

Congrats to our sweet friends Shauna and Jason on selling their adorable Inman Park home! The hard work and love Shauna and Jason put into this home throughout the years paid off. Not only does it have character to die-for, but it is within walking distance to one of my all time favorite Atlanta restaurants Sotto Sotto! So, it was no surprise that we had multiple offers!

For Shauna and Jason, now the fun begins – the home search! We’re looking forward to helping you guys find a new home and area of Atlanta to call home! It always means the world to us when friends choose us as their agents as we know that can sometimes be a difficult decision. Shauna and Jason, thank you for putting your trust in us as both friends and agents! We’ve LOVED working with your family!

If you want to see more photos of this beautiful home at 295 Alaska Avenue, click here!

 

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